Exhibit 4.1


 


	Number *0*	Shares *0*



 


SEE REVERSE FOR IMPORTANT





NOTICE AND OTHER INFORMATION


 


		THIS CERTIFICATE IS TRANSFERABLE	CUSIP
___________
	 	IN THE CITIES OF _________________	 



 


Golub Capital BDC 4, Inc.


 


a Corporation Formed Under the Laws of the State
of Maryland


 


THIS CERTIFIES THAT **Specimen**


 


is the owner of **Zero (0)**


 


fully paid and nonassessable shares of Common Stock, $0.001 par value
per share, of


 


Golub Capital BDC 4, Inc.


 


(the "Corporation") transferable on the books of the Corporation
by the holder hereof in person or by its duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate
and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation and
the bylaws of the Corporation and any amendments thereto. This Certificate is not valid unless countersigned and registered by the Corporation’s
Transfer Agent and Registrar.


 


IN WITNESS WHEREOF, the Corporation has caused
this Certificate to be executed on its behalf by its duly authorized officers.


 


	DATED 	 	 	 
	 	 	 
	Countersigned and Registered:	 	 
	Transfer
    Agent and Registrar	 	 	(SEAL)
		 	President	 
		 	 	 	 
	By:	 	 	 
	 	Authorized Signature	 	Secretary



 






     


     


    

 





IMPORTANT NOTICE


 


The Corporation will furnish to any stockholder,
on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations
Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting
powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemption of the
stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred or special
class in series, (i) the differences in the relative rights and preferences between the shares of each series to the extent set,
and (ii) the authority of the Corporation’s Board of Directors to set such rights and preferences of subsequent series. The
foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation,
a copy of which will be sent without charge to each stockholder who so requests. Such request must be made to the Secretary of the Corporation
at its principal office.


 





 






 


KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS
LOST, STOLEN





OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND
OF INDEMNITY AS A





CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.


 





 






 


The following abbreviations, when used in the inscription
on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:


 


	 	 	 	 	 	 
	TEN COM	-	as tenants in common	 	UNIF GIFT MIN ACT_________________	Custodian____________
	TEN ENT	-	as tenants by the entireties	 	(Custodian)	  (Minor)
	JT TEN	-	as
joint tenants with right of survivorship and not as tenants in common	 	Under Uniform Gifts to Minors Act of___________	 
	 	 		 	(State)	 



 


Additional abbreviations may also be used though
not in the above list.


 


	FOR VALUE RECEIVED, ________________________ HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO	 
	 	(Please Print or Typewrite Name and Address, Including
Zip Code, and Social Security Number or other Identifying Number, of Assignee)



 





____________________________
(______________) shares of Common Stock of the Company represented by this Certificate and does hereby irrevocably constitute
and appoint________________________________ attorney to transfer the said shares
of Common Stock on the books of the Company, with full power of substitution in the premises.


 


Dated _______________________


 


		 
	 	NOTICE: The Signature To This Assignment Must Correspond
With The Name As Written Upon The Face Of The Certificate In Every Particular, Without Alteration Or Enlargement Or Any Change Whatever.